Seven applications received for coal gasification package: Government

The Indian government has received seven applications for a coal gasification package worth ₹37,500 crore. This package was approved by the Union Cabinet on May 13 to promote surface coal and lignite gasification in the country. The government's goal is to encourage the development of this technology, which can help reduce India's reliance on imported fuels and increase domestic energy production. This could have a positive impact on the economy, particularly in the energy sector, by creating jobs and stimulating growth.

Why it matters

The government's package is expected to promote surface coal and lignite gasification in the country. This could lead to increased investment and growth in the energy sector.

Market impact

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